Once the parties had contractually agreed to exclude interest, Arbitral Tribunal, being a creature of the contract, could not award pre-award or pendente lite interest even in the guise of compensation. However, post-award interest stood on a different footing.
RBI replaced its previous Small Finance Bank dividend framework with revised directions effective FY 2026-27 while preserving legal validity of earlier approvals and proceedings.
While repealing the 2025 Directions, RBI clarified that penalties, obligations, and legal proceedings initiated under the earlier framework will continue to apply. This ensures continuity despite the transition to the new 2026 Directions.
Goa notifies 30 June 2026 as deadline to file GST Appellate Tribunal appeals for orders communicated before 1 April 2026 under Section 112 of the Goa GST Act.
Goa extends the appeal filing deadline to June 30, 2026, for earlier orders. The move ensures taxpayers get adequate time while maintaining standard timelines for new cases.
The new RBI Directions introduce prudential norms restricting dividend payouts by Local Area Banks based on capital adequacy and adjusted profits to protect financial stability.
The central bank repealed the 2025 Directions governing dividend payouts by Local Area Banks. However, it clarified that investigations, penalties, and obligations arising under the repealed Directions will continue unaffected.
RBI amended capital adequacy directions to clarify computation of Counterparty Credit Risk (CCR) and align Indian banking rules with international standards. Banks must include consolidated CCR exposures and apply revised add-on factors.
The new RBI Directions mandate that dividend payments cannot reduce regulatory capital below required thresholds, ensuring stronger financial resilience among regional rural banks.
Under the 2026 Directions, dividend payouts by Small Finance Banks cannot exceed 75% of Profit After Tax. The framework links dividend limits to Tier 1 capital ratios to safeguard banks’ capital strength.
